The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy

This paper examines the impact of an increase in the petroleum price on the sectoral costs of production. Three components of costs of production, which comprise domestic materials, imported input, and labour have been identified. By using the input-output model, different scenarios of the petroleu...

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Main Authors: Saari, Mohd Yusof, Abdul Rashid, Zakariah
Format: Article
Language:English
Published: Universiti Utara Malaysia 2007
Subjects:
Online Access:http://repo.uum.edu.my/624/1/Mohd_Yusof_Saari.pdf
http://repo.uum.edu.my/624/
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spelling my.uum.repo.6242010-09-29T09:53:15Z http://repo.uum.edu.my/624/ The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy Saari, Mohd Yusof Abdul Rashid, Zakariah TS Manufactures This paper examines the impact of an increase in the petroleum price on the sectoral costs of production. Three components of costs of production, which comprise domestic materials, imported input, and labour have been identified. By using the input-output model, different scenarios of the petroleum price changes on sectoral costs of production were stimulated. The simulation results indicated that the fishing, forestry, and logging product, electricity and gas, cement, lime and plaster, and transport sectors are mostly affected by the increase in petroleum price. These sectors are expected to show large impact on costs of production as a result of petroleum price increase because these industries highly consume petroleum products as an intermediate input in their production process. Universiti Utara Malaysia 2007 Article PeerReviewed application/pdf en http://repo.uum.edu.my/624/1/Mohd_Yusof_Saari.pdf Saari, Mohd Yusof and Abdul Rashid, Zakariah (2007) The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy. International Journal of Management Studies (IJMS), 14 (2). pp. 75-91. ISSN 0127-8983 http://ijms.uum.edu.my
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic TS Manufactures
spellingShingle TS Manufactures
Saari, Mohd Yusof
Abdul Rashid, Zakariah
The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy
description This paper examines the impact of an increase in the petroleum price on the sectoral costs of production. Three components of costs of production, which comprise domestic materials, imported input, and labour have been identified. By using the input-output model, different scenarios of the petroleum price changes on sectoral costs of production were stimulated. The simulation results indicated that the fishing, forestry, and logging product, electricity and gas, cement, lime and plaster, and transport sectors are mostly affected by the increase in petroleum price. These sectors are expected to show large impact on costs of production as a result of petroleum price increase because these industries highly consume petroleum products as an intermediate input in their production process.
format Article
author Saari, Mohd Yusof
Abdul Rashid, Zakariah
author_facet Saari, Mohd Yusof
Abdul Rashid, Zakariah
author_sort Saari, Mohd Yusof
title The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy
title_short The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy
title_full The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy
title_fullStr The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy
title_full_unstemmed The Impact of increase in energy prices on sectoral costs of production of the Malaysian economy
title_sort impact of increase in energy prices on sectoral costs of production of the malaysian economy
publisher Universiti Utara Malaysia
publishDate 2007
url http://repo.uum.edu.my/624/1/Mohd_Yusof_Saari.pdf
http://repo.uum.edu.my/624/
http://ijms.uum.edu.my
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score 13.211869